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317 comments on DrumBeat: September 18, 2006

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TechGuy on September 18, 2006 - 12:04pm Permalink | Subthread | Parent | Comments top
>I tend to believe these aren't hedge funds since no one REALLY knows who it is, but rather the FED going to "extraordinary means", which Ben Bernanke said he would do to maintain the health of the US economy.

These are hedge funds, tax shelter funds and investment funds of overseas buearcrats funneling money out of their countries. FWIW:$69 billion is a barely a drop in the US Treasury market, and these accounts have been around for a very long time. In 2002 there was about $60 bullion held in the Caribbean.

The Fed can directly purchase and sell treasuries and does so frequently without using offshore banking accounts.

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tate423 on September 18, 2006 - 12:29pm Permalink | Subthread | Parent | Comments top
The Fed can directly purchase and sell treasuries and does so frequently without using offshore banking accounts.

How and where would I find totals for these transactions?  I know that they do sell them, but where do these buy/sells come from in the selling arena?  An intermediary?  I realize all changes are made through the NY trading desk, but again where do these numbers show up?

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Francois on September 18, 2006 - 4:13pm Permalink | Subthread | Parent | Comments top
Part of it is the daily Repo and Pomo markets (google) where the FED allocates temporary of permanent funds for the primary trading banks to support the stock market and/or treasury market.
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tate423 on September 18, 2006 - 5:54pm Permalink | Subthread | Parent | Comments top
Awesome information!  I've googled it and waded through some BS to be quite frank....so I got to this table...

https://www.trading.treasurypoint.com/research/fundlist.asp

Can you help me read this, or can anyone who knows how?

PS-Anyone know why its no auto linky?

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kjmclark on September 18, 2006 - 10:35pm Permalink | Subthread | Parent | Comments top
It looks like secure sites don't work with autoformat. I suppose I've never tried to link with a secure site and autoformat before.

You can always use the html "a rel="nofollow" href=link" to do it.

The link is here.

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317 comments on DrumBeat: September 18, 2006

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